It is dangerous to gamble on hedging at this moment in time just because the A$ is low against the US$ - how long do you really think that will last?
The A$ is based on a resource economy and we are in the midst of a secular bull in commodities.
The US$ may have some short-term strength because of the massive de-leveraging occurring due to the financial collapse but it's future must surely be down bigtime.
Massive inflationary pressure due to all these bailouts and likely foreign sales of T-bonds all appear very negative for US$ and positive for gold and commodities.
The sooner ALD are hedge free the better.
CPDLC
It is dangerous to gamble on hedging at this moment in time just...
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$30.00 |
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Mkt cap ! $7.149B | |||
| Open | High | Low | Value | Volume |
| $30.44 | $30.81 | $29.86 | $29.89M | 990.2K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 461 | $29.95 |
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| Price($) | Vol. | No. |
|---|---|---|
| $30.01 | 3112 | 2 |
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| ALD (ASX) Chart |